In a report issued 08/09/2017 Canaccord Genuity increased the target of Michael Kors Holdings Ltd (NYSE:KORS) from $33.00 to $43.00 reporting a potential downside of -0.05%. Cowen & Co has "Hold" rating and $6.2500 target.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 4.57, and a price to sales ratio of 1.04.
A number of brokerages have commented on KORS. On May 15 the company was rated "Hold" in a report from Deutsche Bank which is down from the previous "Buy" rating. BB&T Capital initiated Michael Kors Holdings Ltd (NYSE:KORS) on Thursday, July 30 with "Hold" rating. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Hold" rating given on Wednesday, July 5 by BMO Capital Markets.
Michael Kors Holdings Limited (NYSE KORS) opened at 45.58 on Wednesday. About 17,510 shares traded. The stock's 50 day moving average is $35.34 and its 200-day moving average is $37.08.
Michael Kors Holdings Limited (KORS) has a market capitalization of 7.05 Billion which suggests the company is a huge company further suggesting that the shares of Michael Kors Holdings Limited (KORS) are stable and safe compared to the lower market capitalization companies. Michael Kors Holdings Ltd has $65 highest and $26 lowest target. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Peer Perform" rating given on Tuesday, August 18 by Wolfe Research. In the last earnings report the EPS was $3.29 and is expected to be $3.64 for the current year with 155,647,000 shares now outstanding. The firm had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. Michael Kors Holdings Limited had a return on equity of 41.00% and a net margin of 12.38%.
Michael Kors chairman and CEO John D. Idol said: "Our first quarter performance exceeded our expectations, driven largely by better than anticipated retail comparable sales results in both North America and Europe". For the past 5 years, the company's revenue has grown 38.3%, while the company's earnings per share has grown 0%. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued. Thrivent Financial for Lutherans raised its position in Michael Kors Holdings Limited by 3.5% in the fourth quarter.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/09/michael-kors-holdings-limited-nysekors-given-a-46-00-price-target-by-piper-jaffray-companies-analysts.html. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company. First Heartland Consultants Inc. raised its position in Michael Kors Holdings Limited by 1.9% in the second quarter. The brokerage now has a hold rating on the lifestyle brand's stock. Michael Kors Holdings Limited earned a media sentiment score of 0.41 on Accern's scale. Cibc Asset Incorporated has 0% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 13,066 shares. Highland Capital Limited Com stated it has 0.3% in Home Depot Inc (NYSE:HD). The average volume of a stock suggests the liquidity of a particular company.
Michael Kors Holdings Limited, launched on December 13, 2002, is a designer, marketer, distributor and retailer of branded women's apparel and accessories and men's apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos.